Standard Chartered says Hong Kong regulator probing its role as joint sponsor of IPO

Standard Chartered Plc said on Tuesday Hong Kong's securities regulator is probing its role as a joint sponsor of an initial public offering (IPO) in 2009 and could take unspecified action against the British lender's Hong Kong unit. The disclosure by Standard Chartered comes days after Swiss bank UBS also said Hong Kong's Securities and Futures Commission is investigating its role as sponsor of certain unnamed stock market listings in the city. In its earnings release, Standard Chartered said t